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Showing 41 - 50 of 3516 results for "Accounts"

Gen Zs now 'loud budgeting': Research

CHLOE WALKER  |  MONDAY, 22 JAN 2024
... younger Australians are using the money they're saving from cutting back on non-essentials to stash into their savings accounts instead. The data, based on a recent survey of around 2000 Australians, found that Gen Z customers are cutting back on ...

Powerwrap bleeds $334m in outflows

KARREN VERGARA  |  WEDNESDAY, 17 JAN 2024
... Despite the massive outflows, Powerwrap's total assets rose by 5% to $12.5 billion year on year. FUA for separately managed accounts (SMA) of $10.4 billion was up 16%. The SMA offering recorded quarterly net inflows of $159 million. Meanwhile, the Virtual ...

Zenith welcomes group head of product

CHLOE WALKER  |  TUESDAY, 16 JAN 2024
... of experience to the role, having spent the last five years at Colonial First State (CFS) as its director of managed accounts. Prior to this, Warren spent five years with ANZ, finishing as a senior product development manager. He also worked at Macquarie ...

Saxo lowers trading costs

KARREN VERGARA  |  MONDAY, 15 JAN 2024
... Additionally, currency conversion fees dropped by two thirds to 0.25%; customers can hold funds in 11 different currency sub-accounts and save on FX fees when trading. The changes will help more people seize opportunities in global capital markets in ...

Bitcoin ETFs given green light by US regulator

ANDREW MCKEAN  |  THURSDAY, 11 JAN 2024
... "unsound and ahistorical." "I am concerned that these products will flood the markets and land squarely in the retirement accounts of US households who can least afford to lose their savings to the fraud and manipulation that appears prevalent in the ...

New global retirement unit at T. Rowe Price

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JAN 2024
With roughly two-thirds of its assets under management now held in retirement or related accounts, T. Rowe Price is establishing a team dedicated to the development of new products and services for the space. T. Rowe Price said the business unit will ...

ASIC permanently bans adviser who stole client funds

JAMIE WILLIAMSON  |  MONDAY, 8 JAN 2024
... was found to have told prospective clients that his business could invest their funds in Macquarie Bank Cash Management accounts and guarantee them annual returns of 8%. He then was found to have used those clients' funds for personal expenses without ...

Former director sentenced to over four years imprisonment

ANDREW MCKEAN  |  THURSDAY, 21 DEC 2023
... further exploited his position as director of Secure Investments, extracting more than $550,000 from the company's accounts to purchase shares in a security company for his personal benefit. ASIC froze the assets of Naseeruddin's companies in ...

BlackRock grows private credit business

ELIZABETH FRY  |  TUESDAY, 19 DEC 2023
... Australia where he was involved in transaction restructuring of distressed corporate, real estate and leveraged finance accounts in their business support unit. BlackRock head of Australasia Andrew Landman said institutional investors and superannuation ...

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... July, Colonial First State's Avanteos Investments made the decision to close encircle Super and transfer all member accounts to Centric Super. The decision was driven by a need to reduce costs to members via increased scale and consolidation, a CFS ...